Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) Short Interest Update

Rhinebeck Bancorp, Inc. (NASDAQ:RBKB) was the target of a significant decrease in short interest in the month of October. As of October 31st, there was short interest totalling 5,500 shares, a decrease of 24.7% from the October 15th total of 7,300 shares. Based on an average daily volume of 8,700 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of Rhinebeck Bancorp

Large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Rhinebeck Bancorp by 135.3% during the 1st quarter. Vanguard Group Inc. now owns 242,118 shares of the company’s stock worth $2,046,000 after purchasing an additional 139,200 shares during the last quarter. Empowered Funds LLC grew its position in shares of Rhinebeck Bancorp by 5.3% during the third quarter. Empowered Funds LLC now owns 50,314 shares of the company’s stock worth $465,000 after buying an additional 2,546 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Rhinebeck Bancorp by 10.8% in the third quarter. Geode Capital Management LLC now owns 37,286 shares of the company’s stock worth $345,000 after buying an additional 3,637 shares during the last quarter. 23.88% of the stock is currently owned by institutional investors and hedge funds.

Rhinebeck Bancorp Price Performance

RBKB remained flat at $9.63 during trading hours on Friday. 3,831 shares of the company were exchanged, compared to its average volume of 6,897. Rhinebeck Bancorp has a 1-year low of $6.10 and a 1-year high of $9.81. The company has a current ratio of 0.94, a quick ratio of 0.96 and a debt-to-equity ratio of 0.53. The firm has a market cap of $106.83 million, a P/E ratio of -20.43 and a beta of 0.74. The business’s fifty day moving average price is $9.04 and its two-hundred day moving average price is $8.36.

About Rhinebeck Bancorp

Rhinebeck Bancorp, Inc operates as the bank holding company for Rhinebeck Bank that provides banking and financial products and services to consumer and commercial customers in the Hudson Valley region of New York. The company offers deposits, including non-interest-bearing demand, interest bearing demand, money market, commercial and personal checking, individual retirement, and saving accounts, as well as certificates of deposit.